Life Time Group Holdings Lowers Rate on $985M Term Loan via Amendment

What Happened
Life Time Group Holdings, Inc. filed an 8-K on August 13, 2026 reporting that Life Time, Inc. and certain wholly owned subsidiaries entered into a Sixteenth Amendment to their Credit Agreement on August 12, 2026. The Amendment refinances the $985 million 2026 Term Loan Facility and reduces the interest rate margin by 0.25 percentage points to 1.75%. As a result of this margin reduction and existing interest-rate swaps hedging the loan, the effective fixed interest rate on the 2026 Term Loan borrowings is now 5.159%. The facility continues to mature on November 5, 2031, and loans were issued at par with no original issue discount.

Key Details

• Amendment date: August 12, 2026; 8‑K filed August 13, 2026.
• Term loan amount: $985 million (2026 Term Loan Facility).
• Margin reduced by 0.25% to 1.75%; effective fixed interest rate after swaps: 5.159%.
• Maturity unchanged: November 5, 2031. Loans issued at par (no original issue discount).

Why It Matters
This amendment reduces Life Time’s cost of borrowing on its largest term loan, lowering the cash interest margin and, combined with hedges, setting a lower effective fixed interest rate (5.159%). For investors, that means potentially lower interest expense and improved predictability of interest payments over the remaining life of the loan, while the maturity date remains unchanged.